Grapevine: A91, MO Alts join race for stake in HealthKart; Dashtoon eyes fresh funds
Private equity firms A91 Partners and Motilal Oswal Alternates have joined ChrysCapital in the bid to acquire a stake in HealthKart, as Peak XV Partners looks to exit the Temasek-backed startup, a media report said. Talks are progressing, with A91 Partners aiming to increase its existing stake. The investment round will be mainly secondary, but may include some primary components, ......
Deals Digest: A91 Partners, UK’s BII make two bets each as PE/VC activity jumps
Private equity and venture capital activity increased this week, both in value and volume terms, with A91 Partners striking two new deals and British International Investment (BII) making two bets in the electric vehicle segment. The total PE/VC investment amount stood at $322 million across 32 deals this week, up from ......
Grapevine: I Squared-backed gas firms to merge; A91 Partners to raise $750-mn fund
I Squared Capital-backed Indian city gas distribution firms AG&P Pratham and Think Gas Distribution are set to merge in a stock-for-stock deal valued at over $1.1 billion (Rs 9,096 crore) , a media report said. I Squared currently holds a 100% stake in Think Gas Distribution and a 73% stake in ......
Milky Mist plans IPO after failed PE funding talks
South India-based dairy brand Milky Mist is planning to make a stock market debut by early next year after its talks to raise funding from one of the oldest private equity firms in the country fell apart, two people privy to the development told VCCircle. Milky Mist had been engaged in discussions ......
Elevation-backed Aye Finance aims to more than double AUM, triple profit by FY27
Aye Finance, a non-banking finance company which lends to micro, small and medium sector enterprises (MSME) in India, aims to more than double its assets under management (AUM) and triple its profit by the financial year 2026-27, the company’s chief executive told VCCircle. Sanjay Sharma, who is also Aye Finance’s ......
A91 Partners-backed logistics SaaS firm Shipsy buys Stockone
A91 Partners-backed Shipsy, a software-as-a-service (SaaS) logistics platform, has bought Bengaluru-based startup Stockone in a cash-and-stock deal, a top executive told VCCircle. The acquisition helps the company expand its product portfolio to offer a set of comprehensive solutions to its customers, Soham Chokshi, CEO and co-founder at Shipsy, told VCCircle. Choksi did not ......
Grapevine: NIIF, Macquarie may back EV charging firm; A91 Partners plans new bet
The National Investment and Infrastructure Fund (NIIF), India's quasi-sovereign fund, and Australian asset manager Macquarie Group are in early talks to pick up a minority stake in Tecso Charge Zone, a media report said. Tecso Charge Zone, which operates electric vehicle charging stations under the Charge+Zone brand, is likely to raise about Rs 300-350 crore from these investors as a part of its ......
Verlinvest in talks to invest in PE-backed coffee chain
Belgian investment firm Verlinvest, which focuses on consumer as a theme for both its direct venture capital and private equity-style transactions as also its commitments to third-party managed funds, is in advanced stages of talks to invest in an Indian coffee chain, two people aware of the development told VCCircle. Verlinvest ......
Grapevine: A91, Blue Earth make new bets; ZestMoney founders get Jio backing for new startup
ChrysCapital-backed school financier Varthana Finance is in the process of raising funds from an offshore investor, in what will be its second debt outing this fiscal, a media report cited the company’s co-founder and executive director. The Bengaluru-based lender, which is aiming for 60% annual growth to Rs 1,500 crore, is ......
Grapevine: Mankind Pharma, EQT in BSV final lap; Snapdeal founders exit Urban Company
The buyout of BSV Group (formerly Bharat Serums & Vaccines Ltd) has come down to a contest between Mankind Pharma and a consortium of EQT, Europe’s largest buyout group and Abu Dhabi Investment Authority (ADIA), a media report said. Both contenders submitted firm offers this week to acquire the company from its current PE owner, Advent International, at ......
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